PR: Catastrophe bond issuance hits record in Q1


New York, NY, April 12, 2011
- Attractive market conditions as a result of strong investor demand resulted in a record issuance of USD 1 billion catastrophe bonds in the first quarter of 2011 in comparison with USD 650 million in the same quarter last year. This is according to the latest Insurance-Linked Securities (ILS) Market Update from the boutique investment banking arm of Willis Group Holdings (NYSE: WSH), the global insurance broker.

The quarterly report titled, "The Market Digests a Major Catastrophe Event", is produced by Willis Capital Markets & Advisory (WCMA), an adviser to (re)insurance companies on capital markets products and mergers and acquisitions.

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